MastermindMarketingTeam.com - Joint Ventures TOChttp://mastermindmarketingteam.com/joint-ventures.html
Sun, 18 Feb 2018 06:58:44 +0000Joomla! - Open Source Content Managementen-gbdebstgeorge@comcast.net (mastermindmarketingteam.com)Outdoor Team Buildinghttp://mastermindmarketingteam.com/joint-ventures/121-outdoor-team-building.html
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Sometimes a bit of team building activity can do wonders for helping your students to learn how to work together. If you've noticed your classroom is having trouble thinking as a group, perhaps it's time for some outdoor team building. This allows you to disguise learning as play! Here are a few ways a session of team building can benefit your classroom.

What is outdoor team building? Essentially, it consists of a variety of activities and games designed to help your students learn to behave in a group. These games teach an assortment of different valuable skills they'll not only need in the classroom, but in the workplace as well. Best of all, your students will have no idea that they're learning!

Most teachers begin outdoor team building with a few icebreaker activities. This gets your students accustomed to the idea of working in a group with a few simple, fun activities. It's also useful for letting people in the group get to know one another. These include call and response games, introductions, and a few gentle, easy physical games such as the human knot.

Once your students are used to the idea of outdoor team building, it's time to introduce more physical fun. These include games such as relay races, group tag, group blind man's bluff, tug of war, catching games, crack the whip, and other games. These games teach your students how to think on their feet as well as encourage teamwork, problem solving, and thinking outside of the box. It also helps your students to burn off a bit of energy as well, leaving them happy and glowing.

Once the physical games are over, there are also verbal and mental games to consider. This helps the outdoor team building seminar to wind down to close on a positive note. These can consist of memory games, word association, what-if scenarios, optical illusions, the telephone game, and other activities. These games not only encourage children to think creatively; they also do wonders for encouraging public discussion, empathy, critical thinking, and more.

These are only a few outdoor team building activities to consider. Once you've enjoyed a day of team building with your students, you'll be surprised at just how much they end up absorbing from the experience. By spending a day or two encouraging such concepts in a fun, natural manner, you will be giving them the gift of effortless group interaction that they will enjoy for the rest of their lives. Learn more today!

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]]>debstgeorge@comcast.net (Admin)Joint VenturesThu, 25 Jul 2013 09:04:39 +0000Middle School Team Buildinghttp://mastermindmarketingteam.com/joint-ventures/120-middle-school-team-building.html
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Middle school is a turbulent time for many children. However, with middle school team building, they can learn valuable concepts about group thinking that they can continue to use and benefit from throughout their school careers. Here are a few things to expect when attending a middle school team building seminar.

Most team building seminars begin with an ice breaker session. This allows the speaker to give a mission statement of sorts, give the children an idea of what sort of activities they will be doing, and give them an idea regarding the sort of concepts they will be learning. Also included in ice breaker sessions are small, easy exercises such as name memorization, call and response games, and fun physical games such as the human knot. These games are designed to energize and motivate the students as well as give them a taste of what the next few hours will be like.

Once the ice breaker session is over, the next step in middle school team building often includes more athletic games. A few of these include group tag, group blind man's bluff, scavenger hunts, crack the whip, relay races, and more. Most instructors avoid using games such as hide and seek, which pit an individual against the rest of the time. By using games where the entire group is active, students can learn concepts such as teamwork, leadership, role assignments, communications, and acting under pressure.

Of course, there are plenty of mental and verbal games as well. These include memorization games, the telephone game, storytelling, what-if scenarios, optical illusions, drawing sessions, and more. These games are designed to encourage creativity, discussion, empathy, public speaking skills, and more. Additionally, these sort of games are perfect for winding the students down after a long afternoon of play.

Keep in mind that not all middle school team building games may go as planned. Should conflict or an accident occur, it's a good idea to stop the activity immediately and have a discussion on what happened, how they could have reacted better, and what they can do to fix the problem. Avoid chastising any single individual or allowing the group to gang up on one person. By doing this, you are teaching them to make the best out of a bad situation rather than just heaping blame on an individual.

Learn more today about how middle school team building can benefit your kids. Whether they are chronically shy, prone to conflict, or just not working well together, a middle school team building seminar is the perfect solution for teaching them how to work together and reap the benefits.

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]]>debstgeorge@comcast.net (Admin)Joint VenturesThu, 25 Jul 2013 09:02:19 +0000Indoor Team Buildinghttp://mastermindmarketingteam.com/joint-ventures/118-indoor-team-building.html
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eaching your child to work in a group can be a difficult endeavor indeed, especially if your child is chronically shy or naturally independent. If you find that he or she is struggling in school or socially due to these tendencies, perhaps some indoor team building activities will help in teaching him or her the importance of working in a group.

What is indoor team building? Essentially, it consists of a series of fun physical and mental activities that help establish a bond for the entire group. These activities focus on helping the group to work as a whole rather than as individuals. Not only will this sort of training help your child to work well at school, but these are also skills that he or she will take into the workplace as well.

What sort of indoor team building activities are there? There are a variety of physical games that your children can enjoy, such as group tag, relay races, parachute games, catching games, the human knot, and more. These team building games do more than just help the group work togetherâ€”they also encourage creative thinking, planning, organization, thinking on their toes, friendly competition, and more. They are also great for burning off a bit of energy as well and making the entire group feel happy and lively.

Mental indoor team building exercises include games that encourage trust, communication, and empathy among others. These may include activities such as the name game, the telephone game, memory games, and more. Other activities may include children telling the group secrets or funny memories. Learning about each individual that makes up the group helps enormously in helping the group as a whole learn how to work together as a team.

Of course, there may be inevitable mistakes. If this happens during your indoor team building exercises, don't punish the individual or create any embarrassing scenes. Rather than coaxing the group in the right direction, this will only encourage them to put the blame on a single person should something go wrong. Instead, focus on how they can move past the disappointment of the mistake and tackle the new problem as a group. Once they manage to create a solution, your group will feel even stronger together than before.

Learn more today about how indoor team building activities can enhance how your child behaves in a group. Along with teaching sound group roles, these games are also fun for diminishing feelings of shyness, arrogance, selfishness, and other negative feelings that can hamper the group. You'll be surprised at just how much fun your child will have while learning!

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]]>debstgeorge@comcast.net (Admin)Joint VenturesThu, 25 Jul 2013 08:57:46 +0000Indoor Team Building Gameshttp://mastermindmarketingteam.com/joint-ventures/117-indoor-team-building-games.html
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When it comes to teaching the value of working in a group, any teacher can benefit from including a few indoor team building games in his or her lesson plan. These activities can help chronically shy or distrustful students learn to trust the group and work as a team to achieve any goal. Here are a few ways that indoor team building games can benefit you.

Most indoor team building games consist of physical and mental activities. Most sessions consist of some icebreaker games to help the group get to know one another better. These include name games, call and response games, collective dancing, and more. These are simple, fun activities that help get the group accustomed to moving and working together as a whole.

Once the icebreaker indoor team building games are through, many teachers begin with physical games next. These include parachute games, group blind man's bluff, group tag, relay races, passing games, and more. Unlike many games, these require everyone in the team to work together in order to win. In having fun with these indoor team building games, your students will learn the value of teamwork, moving together, role assigning, thinking on their feet, and more.

Keep in mind, however, that some mistakes may happen. Should this occur, don't put any emphasis on the single person who caused the mistake. Instead, simply begin again or create a new goal for your team to reach. You may very will discover that this new goal is more satisfactory to them than the first one was. By reacting calmly and acting quickly, your team will learn that together they can accomplish anything.

Some mental indoor team building games include activities that help establish trust, communication, creativity, and empathy. These may consist of individuals in the group telling others a bit about themselves, such as a worst fear or an embarrassing moment. Other games include the telephone game, memory games, word association games, and more. Another fun activity also includes having your students discuss what-if scenarios and how they would achieve a goal. You may discover that your students are better at thinking outside the box than you realized.

Learn more today about how indoor team building games can help create a lasting bond within the group. Along with helping your students work together in school, you will also be establishing basic social and networking skills that they will be able to use to their advantage in the workplace as well. Act now and see for yourself just how useful these skills are!

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]]>debstgeorge@comcast.net (Admin)Joint VenturesThu, 25 Jul 2013 08:55:17 +0000What To Consider When Starting A Joint Venture http://mastermindmarketingteam.com/joint-ventures/112-what-to-consider-when-starting-a-joint-venture.html
http://mastermindmarketingteam.com/joint-ventures/112-what-to-consider-when-starting-a-joint-venture.htmlTaken loosely, the term “joint venture” can mean a helluva of things. It is even use as a synonym for partnership especially for first-time entrepreneurs who are seeking financial or industrial partners. To those who are not familiar with the business lingo, the financial partner is one who provides the money for the company while the industrial partner is one who provides the expertise for the company.

Although the term can also be used for this, in the real sense though, a joint venture is more than just a partnership. It refers to the partnership of two or more entities who seek alliance in order to make a new product or start a project. It differs from the ordinary kind of partnership in the sense that it can also be short-term, only for the duration of the project or the product undertaken.

You see, a joint venture can be undertaken temporarily until a project is finished. Most of the time, this is done by companies, even well-established ones, because they lack the resources that they need to make a project or a product a success. The partners that are sought will be able to find additional financial backing, a service or expertise.

One example is when two companies form an alliance because one can provide the money while the other can provide the expertise. Another is when a partner has the access to the market or to the resources that another company needs in order for its plans to push through. The same goes with companies who need the additional backing of a local company in order to establish their operations in the country.

There are many reasons why a company or a person for that matter will seek a joint venture. It is one of the most viable ways to make a business a success. But this does not mean that the joint venture will be a success. Often, the failure of a joint venture is not because of the idea of a partnership but how the partnership is undertaken. What makes a joint venture fail is discord between or among the partners, incompatible partnership and betrayal in the partnership.

The secret to making it a success is in choosing the right partner as well as doing the right paperwork for the business. Every detail should be discussed if you want everything to become smooth-sailing. When you have everything in paper form, it is harder for any of the partners to slack off or to turn against their word. They may renege from their commitment but with a document that binds them to the work, they can be held liable for it.

Otherwise, the joint venture can only lead to discord and problems. Many joint ventures have dissolved even before it can launch the product or enterprise that they partnered for in the first place. In fact, although many have tried to start a venture, only a few manage to survive and become a big conglomerate. Some fizzle out while others merge together.

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]]>debstgeorge@comcast.net (Admin)Joint VenturesThu, 25 Jul 2013 08:11:43 +0000Drawbacks of Joint Ventureshttp://mastermindmarketingteam.com/joint-ventures/111-drawbacks-of-joint-ventures.html
http://mastermindmarketingteam.com/joint-ventures/111-drawbacks-of-joint-ventures.htmlJoint ventures are a form of strategic alliance that can be described as a collaborative effort in the form of legal entity like a corporation, partnership or limited liability company. The elements common to joint ventures include community interest in the subject of the undertaking, sharing profits and losses, equal right to direct and control the decision of each other and of the joint venture, and fiduciary relation between or among the parties if participants are more than two persons. Entering into joint ventures can cause additional burdens and risks, the following are the drawbacks of this strategic alliance:

1. Loss of competitive advantage - Joint ventures, acquisitions, and alliances with an actual or potential competitor may jeopardize the cooperative advantage that a business might otherwise have developed in the absence of the relationship. As a participant, it is important for you to evaluate whether your goals and business opportunities can be achieved even without assistance of competitors or whether the price of such opportunities and goals is excessive in light of the overall business objectives of the entity.

2. Lack of control – Two or three heads is better than one, they say. But no matter how the alliance is structured, participants inevitably will lose some aspect of control over the project. In order for participants to gain, they must also give something up. If you want your business to work-out, you need to simultaneously structure the management in such a manner as to retain as much control as possible without affecting the project and carry out due diligence on the participants to ensure a level of trust amongst them. Each partner must contribute complimentary skills and resources in an ongoing relationship offering mutual benefits.

3. Governmental relations – Some joint ventures involve alliances formed with foreign entities. This kind of relationship can lead to substantial opportunities for a growing business but must also be mindful of local regulations and governmental review procedures that may affect the activities of the participants.

4. Time consuming – For some people, entering to new venture is time-consuming. Getting to know another participant also entails difficulties. If you think, adjusting to new business participant/s is tough, better drop the idea of entering a joint venture.

5. Increased managerial burden – Shared control on a business may increase management time and a risk of deadlock looms among co-venturers. Managerial burdens are heightened as the number of co-venturers increase. To avoid this kind of scenario, a business has to have a carefully drafted joint venture agreement that can minimize and even eliminate the problems twisted by shared control.

6. Loss of management autonomy – Choosing a joint venture structure entails some loss of autonomy for the co-venturers with respect to the project.

7. Co-venturers are jointly liable for each other’s negligence – Perhaps the most difficult part of a joint venture is that the law does not generally recognize joint ventures as general partnerships. This means, the selection of the joint venture business form involves exposure to liability for the wrongdoing of the other co-venturer.

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]]>debstgeorge@comcast.net (Admin)Joint VenturesThu, 25 Jul 2013 08:10:46 +0000You Need A Partner: Taking A Look At Joint Ventureshttp://mastermindmarketingteam.com/joint-ventures/110-you-need-a-partner-taking-a-look-at-joint-ventures.html
http://mastermindmarketingteam.com/joint-ventures/110-you-need-a-partner-taking-a-look-at-joint-ventures.htmlWhen you're an entrepeneur with an idea, it can be sometimes very difficult to get it off the ground. You may be short on resources or don't have the know-how to implement your brilliant plan. Bu don't give up yet! Most businessmen in your position usually manage to go ahead with their big ideas by going into joint ventures. A joint venture is a limited form of partnership where two business entities come together to form an independent undertaking. This is mostly done so that the risks involved when starting a new business are highly reduced and that resources would be used to maximum efficiency.

Joint ventures also provide a lot more than spreading around the risk between partners and enable efficienct resource management. There are several other reasons why joint ventures are formed. Here are some of them:

a) Better market penetration: having an established partner in the target demographic or location is a great boon for those looking to increase the sale of their wares. The usual arrangement is that one partner uses its already in place selling infrastructure to distribute the other partner's products.

b) Geographical considerations: Global companies are always looking to lower the risks of entry into a new country. This is why joint ventures with home-grown corporations are usually the rule when an international company is first getting into the local market. These companies benefit from the unique knowledge their partners have about local market conditions and laws. They also allow for them to utilize beneficial laws that only apply to native citizen's of that country via their association with their partner. The local partners benefit by acquisition of foreign know-how and access to international assets that can help support them in the marketplace.

c) Company development: Sometimes a business just needs to grow – however, as anyone can tell you, expanding a company can mean quite a few growing pains: lack of funds, knowledge, and people. A joint venture can help a business develop the safe way – it diversifies its holdings without a large amount of risk, employees are trained by their contact with their counterparts, and it helps restructure the company for even larger growth.

Now, with all of those advantages, you're probably interested in starting up a joint venture yourself. However, you'll have to do a bit of self-evaluation. Ask yourself if you can operate smoothly with a partner out of your sphere of control and whether you are willing to give your all to a partnership – hesistant participation and being a control freak are two ingredients to a catastrophic relationship, whether they be in business or personal life.

The next thing you should look for is the perfect partner – know what you're looking for and do your due diligence; background checks are your friend and help you avoid unscrupulous people who'll just take advantage of your relationship. The next thing is to come up with a joint business plan and to have a lawyer draw up the papers.

Joint ventures are actually pretty easy to understand and are a great help fo any developing company. So go out and look for a partner!

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]]>debstgeorge@comcast.net (Admin)Joint VenturesThu, 25 Jul 2013 08:09:43 +0000Joining A Joint Venture: What To Look For In A Partnerhttp://mastermindmarketingteam.com/joint-ventures/109-joining-a-joint-venture-what-to-look-for-in-a-partner.html
http://mastermindmarketingteam.com/joint-ventures/109-joining-a-joint-venture-what-to-look-for-in-a-partner.htmlJoint ventures are a regular occurrence in the business world. This mostly because they provide a wide array of benefits for any prospective company, both large and small. First is that the sharing of resources between two companies can highly lessen the usual amount of risk that one of them would usually face if they did it on their own. Another benefit is that the cross-pollination of information between two companies can lead to accelerated product development and new breakthroughs.

Financial support is also a great benefit; entering a market or a introducing/producing a new product can cost quite a bit of money and spreading out the cost between two or more sponsors can make sure that the losses aren't catastrophic if it falls through.

As can be seen, forming a joint venture can be very profitable for a company. The thing is, for a partnership like this to prosper, you need to have a good partner. Having a partner that doesn't pick up his part of the burden is even more of a liability than going it alone and a partner that is actively sabotaging your business relationship, whether intentionally or unintentionally, can be a tremendous problem for a company. This is why it's important to screen your prospective partners.

So what should you be looking for in a potential partner? First of all, the company needs to have strong leadership. A solid hand on the keel can help integration between two companies be a lot easier. Indecisive leadership or an unclear chain of command can cause problems like conflicting orders or lax discipline that can spell disaster for your partnership. Always do a background check of the head of the company for possible problems personality conflicts.

Secondly, take a long look at the other company's corporate culture. A lot of potential problems can crop up when your company's laid-back style clashes with a the fast-paced one of your partner's. Your employees will be interacting and mingling with each other and creating a good rapport between them will be important. Envy and jealousy can throw a monkeywrench into this – not to mention expectations may not be met on both sides. Try to adjust or choose a more appropriate partner for your company.

Thirdly, the business side comes into play – draw up a list of what you need your partner to do. If you're looking for a distribution arm, check your prospective partner's market penetration and capabilities on delivering the product. If you're looking for R&D, look at the company's track record on developing technology. Always have a set idea of what you want, that way you won't be disappointed when you're looking for your partner to deliver the goods.

A company's track record is usually public record for the shareholders' benefit and if not, it's child's play to have a background check done on a company. When you think about it, all of these can be summarized into one sentece: know who you're going into business with. Knowledge is power and that's the key to becoming successful in a joint venture.

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]]>debstgeorge@comcast.net (Admin)Joint VenturesThu, 25 Jul 2013 08:07:54 +0000Reasons Why You Should Go For A Joint Venturehttp://mastermindmarketingteam.com/joint-ventures/108-reasons-why-you-should-go-for-a-joint-venture.html
http://mastermindmarketingteam.com/joint-ventures/108-reasons-why-you-should-go-for-a-joint-venture.htmlMany start-up businesses right now have several people at their helm. Joint ventures are very popular among younger businesspeople and those who are putting up their very first business. And why so? Perhaps because a joint venture affords people with a host of benefits that are just too good to refuse. Here are some of them:

1. You need expertise
You can’t know anything. One of the best reasons for opting for a joint venture as opposed to doing it on your own is the need for another person’s expertise. For instance, if you want to start a T-shirt business but you do not know a thing about a T-shirt, the best way to start the business is to partner with someone who knows the business. You can learn from his or her expertise and start the business that you want. It beats having to enroll in some sort of T-shirt workshop.

2. You need the money
Some people opt for having many business partners because they do not have enough money to start the business. Remember that starting any kind of business takes a lot of money and if you are young and fresh out of school, you will not the have that amount of money sitting idly. Thus, you can partner with several other people so that you can pool your money together and raise enough money for the business.

You can even find partners who will finance the business while you do all the work. These are called the silent partners or the financiers of the operation.

3. You need a cushion
Going into business can be frightening and some people feel better if they have people who will cushion their fall. In fact, some do not even care if they lose a lot of money just as long as they lose it with other people. Failure, after all, appears better and is easier to accept when shared with a lot of people.

4. You need to have less risk
This goes back to the subject of money. Although some people have the money to risk, they do not want to risk everything. Thus, they look for partners who will share the risk with them. When there are many of you in a business, the amount of money that you need to initially invest will be smaller and more manageable.

5. You need people to do the work
When you are alone in the business, you will need to take care of it 24/7. This is not for people who are also holding full-time jobs and are just doing the business on the side. Having partners means that they can take over for you or you guys can come up with a schedule where each can take turns taking care of the business.

6. You need more input
Thinking of marketing gimmicks for your business or selling tactics on your own can be hard for the brain to do. Thus, you need more people to do the thinking for you.

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]]>debstgeorge@comcast.net (Admin)Joint VenturesThu, 25 Jul 2013 08:05:25 +0000 Three Important Tips when Entering a Joint Venturehttp://mastermindmarketingteam.com/joint-ventures/107-three-important-tips-when-entering-a-joint-venture.html
http://mastermindmarketingteam.com/joint-ventures/107-three-important-tips-when-entering-a-joint-venture.htmlYour decision to take part in a lucrative joint venture could truly help bolster your business. Such an initiative is normal and strategic especially these days when competition is just so intense and resources of companies get very limited. If you aim for your business to attain success, you have to approach entry into a joint venture positively and in the appropriate way. If not, your business endeavor would end in a disaster. Not all joint ventures succeed. That is why before you get into one, you should consider the following important guidelines.

First, be sure to select or pursue the right business project. As a manager or business owner, you should be able to look at the big picture. You should be strategic and logical at the same time. Before entering any joint venture agreement or effort, be sure to choose the right projects or endeavors to take. The cardinal rule is to choose a specific project that would undoubtedly and surely succeed in the long run. Your prudence and good business sense would help you assess proposed projects. Your management skills and analytical expertise should help you assess whether a project you are eyeing would take you to success or to failure.

Second, choose the right companies or people to stick with. Before joining a joint venture, it is wise to first know who or which firms are into the endeavor. It is always advisable to properly choose the right venture partners. You should not get into a joint project with just about anyone. As a guide, the right joint venture partners are those that uphold similar goals as yours. Such firms or people should be reliable and trustworthy enough. Finally, be sure to choose partners that would obviously be able to do things that you practically could not do. Joint ventures consisting of two partners are logically much easier to manage, although ventures with more participants could be more massive and capital-rich.

Lastly, be sure the terms of the joint venture you are joining are very clear and specific. Be sure you and all your partners know precisely what should be expected from each other with regards to the endeavor. You should all share the same goals at least for the joint venture. Every business in the project could take individual and different corporate goals but at least for the joint venture, you should agree to stick to common project goals.

Be sure there would be clear division of labor and of revenues. You should think not just of the advantages of entering into a joint venture but also of the efforts you should provide to help make the efforts work. Your joint venture should not be the sole focus of your business. As you get excited with the project taken, be sure not to neglect your own company’s basic goals and requirements. Your joint venture could have its own managers so that its owners need not spend time fully on the initiative.